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Glencore
(LSE:GLEN)
Glencore (GLEN) vs. iShares MSCI United Kingdom ETF (EWC)
Glencore Business Overview & Revenue Model
Glencore Earnings Call Summary
Glencore Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 231.25B | 230.94B | 217.83B | 255.98B | 203.75B | 142.34B |
| Gross Profit | 5.76B | 6.28B | 10.78B | 27.26B | 12.38B | 3.70B |
| EBITDA | 9.15B | 9.85B | 15.32B | 32.23B | 16.03B | 3.13B |
| Net Income | -2.06B | -1.63B | 4.28B | 17.32B | 4.97B | -1.90B |
Balance Sheet | ||||||
| Total Assets | 132.18B | 130.46B | 123.87B | 132.58B | 127.51B | 118.00B |
| Cash, Cash Equivalents and Short-Term Investments | 2.70B | 2.17B | 1.95B | 1.97B | 2.69B | 1.42B |
| Total Debt | 42.34B | 38.11B | 32.24B | 28.78B | 34.64B | 37.48B |
| Total Liabilities | 99.39B | 94.80B | 85.63B | 87.36B | 90.59B | 83.60B |
| Stockholders Equity | 37.83B | 40.67B | 43.58B | 49.41B | 39.93B | 37.64B |
Cash Flow | ||||||
| Free Cash Flow | 143.00M | 4.44B | 6.55B | 9.48B | 5.24B | -905.00M |
| Operating Cash Flow | 6.06B | 10.05B | 11.04B | 13.66B | 8.86B | 2.66B |
| Investing Cash Flow | -12.39B | -11.72B | -3.56B | -1.72B | -541.00M | -2.71B |
| Financing Cash Flow | 6.20B | 2.14B | -7.49B | -13.20B | -6.52B | -320.00M |
Glencore Technical Analysis
Glencore Risk Analysis
Glencore Peers Comparison
Glencore Corporate Events
Glencore plc has announced the purchase of 10.8 million of its own shares from UBS AG as part of its ongoing share buyback program. The transaction, which was conducted off-market, is part of a strategy to reduce the number of shares in issue and is expected to be completed by February 2026. This move is aligned with Glencore’s efforts to enhance shareholder value and optimize its capital structure, reflecting confidence in its financial health and future prospects.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £376.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced it will host a Capital Markets Day presentation on December 3, 2025, at 1 pm UK time, which will be accessible via a live webcast. This event is significant for stakeholders as it provides insights into Glencore’s strategic direction and operational plans, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £385.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore PLC has announced the purchase of 10.8 million of its ordinary shares from UBS AG as part of its ongoing share buy-back program. The transaction, which was conducted off-market, aims to cancel the purchased shares, thereby reducing the total number of shares in issue and potentially enhancing shareholder value. This buy-back initiative, which began in July 2025, is expected to conclude by February 2026, aligning with the company’s financial results announcement. The purchase was executed in Swiss francs, with Swiss withholding tax deducted, and is part of a broader strategy to manage equity exposure and optimize capital structure.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £385.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 10.8 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased at a net price of CHF 2.4803 each, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This buy-back initiative, which began in July 2025, is expected to conclude by February 2026, aligning with the release of the company’s financial results. The transaction reflects Glencore’s strategic focus on optimizing its capital structure and underscores its commitment to returning value to shareholders.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.30 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 7.2 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were bought at a net price of CHF 2.3977 per share, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This buy-back initiative is part of a broader strategy to optimize the company’s capital structure and is expected to conclude by February 2026, aligning with the release of its financial results for the year 2025.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore announced its total voting rights as of September 30, 2025, with an issued share capital of over 13 billion ordinary shares, of which approximately 11.85 billion carry voting rights. This update is crucial for shareholders to determine their notification requirements under the FCA’s rules. The announcement reflects Glencore’s ongoing transparency in its financial disclosures, impacting stakeholders’ understanding of their investment positions.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced a transaction involving the purchase of 8 million of its own shares from UBS AG, as part of its ongoing share buy-back programme. The shares were bought at a net price of CHF 2.2867 per share, with the purchase price paid in Swiss francs. This transaction is part of Glencore’s strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. The buy-back programme, which began in July 2025, is expected to conclude with the release of the company’s financial results in February 2026.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £4.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 8 million of its own shares from UBS AG as part of its ongoing buy-back program. The shares were bought at a net price of CHF 2.1575 per share, with the transaction aimed at reducing the number of shares in circulation and enhancing shareholder value. This move is part of a broader strategy to manage equity exposure and optimize the company’s capital structure, with the buy-back program expected to conclude by February 2026.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £322.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buyback program. The transaction, conducted in Swiss francs, is part of a strategy to reduce the number of shares in circulation, thereby potentially increasing shareholder value. This buyback program, which began in July 2025, is expected to conclude by February 2026, aligning with the release of Glencore’s financial results for the year. The company aims to cancel the purchased shares, impacting the total number of voting rights and shares in issue, while maintaining a significant number of shares in treasury.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £322.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 10,951,423 of its ordinary shares from UBS AG as part of its ongoing share buyback program. The shares were bought at a net price of CHF 2.0270 per share, with the transaction forming part of a strategy to reduce the number of shares in circulation and enhance shareholder value. This buyback program, which started in July 2025, is expected to conclude by February 2026, aligning with the release of the company’s financial results. The transaction reflects Glencore’s commitment to managing its capital structure efficiently and returning value to shareholders.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £306.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore announced a distribution of US$0.10 per share for the financial year ending December 31, 2024, to be paid in two equal tranches of US$0.05 per share. Shareholders on the Jersey register can opt to receive payments in Pounds Sterling, Euros, or Swiss Francs, with the exchange rates determined as of September 4, 2025. The distribution may qualify as ‘qualified dividends’ for US Federal income tax purposes, impacting shareholders’ tax liabilities.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £306.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore has announced its total voting rights as of August 29, 2025, with an issued share capital of 13,156,400,000 ordinary shares, of which 1,268,109,041 are held in treasury, resulting in 11,888,290,959 voting rights. This information is crucial for shareholders to determine their notification requirements under the FCA’s Disclosure Guidance and Transparency Rules, reflecting Glencore’s commitment to transparency and regulatory compliance.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £304.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 8,022,682 of its own ordinary shares from UBS AG, as part of its ongoing share buy-back program. The shares were purchased for cancellation, reducing the total number of shares in issue to 11,880,268,277. This transaction is part of a broader strategy to manage the company’s capital structure and is expected to be completed by February 2026, coinciding with the release of its financial results for the 2025 fiscal year.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £304.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased for cancellation, reducing the total number of shares in issue. This transaction is part of a broader strategy to manage equity exposure and is expected to conclude by February 2026, coinciding with the release of the company’s financial results.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £350.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore PLC has announced a transaction involving the purchase of 9.3 million of its own shares from UBS AG as part of its ongoing share buy-back program. The shares were purchased at a net price of CHF 2.1059 per share, with the transaction being part of a strategy to reduce the number of shares in circulation, thus potentially increasing shareholder value. This buy-back program, initiated in July 2025, is expected to conclude by February 2026 and aligns with Glencore’s strategic financial management to optimize its capital structure.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £2.8435 to £2.8885, with a volume-weighted average price of £2.8714. These repurchased shares will be held in treasury, increasing the total number of treasury shares to over 1.26 billion. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and reflects the company’s strategic efforts to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 2,000,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buyback program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buyback initiative expected to conclude in February 2026. This move is likely to impact the company’s share value and market positioning by potentially increasing shareholder value and optimizing capital structure.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore announced a transaction involving the on-market acquisition of 5,000 ordinary shares by Fiona Jane Gilbert, closely associated with Martin Gilbert, a Non-Executive Director at Glencore. The transaction, conducted on the London Stock Exchange at a price of GBP 2.77 per share, highlights the ongoing financial activities within the company. This acquisition reflects internal confidence in Glencore’s market position and could have implications for investor perceptions and stakeholder interests.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore has announced a transaction involving the acquisition of 5,000 ordinary shares by Mhairi Jane Davidson Gilbert, closely associated with Martin Gilbert, a Non-Executive Director at Glencore. This transaction, conducted on the London Stock Exchange at a price of GBP 2.77 per share, reflects ongoing insider activities within the company, potentially impacting investor perceptions and market dynamics.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the repurchase of 3 million of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £2.8600 to £2.9590, with an average price of £2.8806. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, affecting the total number of voting rights and potentially impacting shareholder calculations under the FCA’s regulations.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore announced the cancellation of 50 million treasury shares, aligning with its policy to keep treasury shares below 10% of the total issued share capital. This move reduces the company’s treasury shares to approximately 9.57% of the total issued share capital, potentially impacting its market positioning and shareholder value.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
In its 2025 half-year report, Glencore announced a strategic review of its industrial portfolio, identifying $1 billion in recurring cost savings to be achieved by 2026. Despite a 14% decrease in Adjusted EBITDA to $5.4 billion due to weaker coal prices and lower copper production, the company remains optimistic about future cash flow and debt reduction, bolstered by the sale of Viterra and a planned $1 billion share buyback. Glencore’s marketing and industrial operations are positioned to adapt to global commodity demands, despite geopolitical uncertainties.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 900,000 of its own ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at prices ranging from £2.9925 to £3.0425 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back initiative, which is set to conclude in February 2026, and reflects the company’s strategy to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore has announced the approval of a special resolution at its General Meeting, authorizing the company to undertake off-market share buy-backs through a contract with UBS AG. This initiative is part of a broader program to repurchase shares worth up to USD 1 billion, with UBS set to commence weekly off-market purchases from 11 August 2025. The move is expected to impact Glencore’s financial structure and market positioning, as the company continues to manage its share capital actively.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £2.9885 to £3.0260, with a volume-weighted average price of £3.0054. These shares will be held in treasury, and this transaction is part of the second phase of the buy-back program expected to conclude in February 2026. This move is likely to impact Glencore’s shareholder value and market positioning by potentially enhancing earnings per share and providing a signal of confidence in the company’s financial health.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were purchased at prices ranging from £2.9750 to £3.0695, with a volume-weighted average price of £3.0050. These shares will be held in treasury, and the buy-back program is expected to be completed by February 2026. This move is part of Glencore’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and shareholder interests.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore announced that as of July 31, 2025, its issued share capital consisted of 13,225,000,000 ordinary shares, with 11,915,490,959 shares carrying voting rights after accounting for treasury shares. This information is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules. The announcement reflects Glencore’s ongoing commitment to transparency and regulatory compliance, impacting how stakeholders assess their interests in the company.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £2.9745 to £3.0450, with a volume-weighted average price of £3.0053. These shares will be held in treasury, contributing to the company’s strategic financial management and potentially impacting shareholder value by reducing the number of shares in circulation. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, reflecting the company’s commitment to returning value to shareholders.
The most recent analyst rating on (GB:GLEN) stock is a Hold with a £4.70 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at a volume-weighted average price of £3.1052 per share and will be held in treasury. This transaction is part of the second phase of the company’s buy-back program, which is expected to conclude in February 2026, and aims to enhance shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £370.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore’s half-year production report for 2025 highlights a 5% increase in copper equivalent production compared to the previous year, driven by the integration of EVR’s steelmaking coal volumes. The company identified $1 billion in cost-saving opportunities and revised its long-term marketing EBIT guidance upward, despite the exclusion of Viterra earnings. Key production metrics showed varied performance across different commodities, with notable increases in cobalt and zinc production, while copper and ferrochrome production saw declines. The report underscores Glencore’s strategic focus on optimizing its industrial operations and achieving value-accretive growth, with implications for improved cost efficiency and production guidance adjustments.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore PLC announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were bought at prices ranging from £3.0505 to £3.1670, with a volume-weighted average price of £3.0919. This transaction is part of the second phase of the company’s buy-back initiative, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, impacting the total number of voting rights and potentially influencing shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the repurchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back program, expected to conclude in February 2026. This move is likely to impact the company’s share value and voting rights distribution, as it adjusts its capital structure and potentially enhances shareholder value.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of £3.1917 and will be held in treasury. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026, and it reflects the company’s strategy to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, bringing the total number of shares held in treasury to over 1.3 billion. This transaction is part of the second phase of Glencore’s buy-back initiative, which is expected to conclude in February 2026. The move is likely to impact the company’s share value and voting rights, as it adjusts its capital structure and enhances shareholder value.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc has announced the purchase of 900,000 of its own ordinary shares from UBS AG, London Branch, as part of its ongoing share buy-back program. The repurchased shares will be held in treasury, and this transaction is part of the second phase of the buy-back initiative, which is expected to conclude in February 2026. This move is likely aimed at enhancing shareholder value and optimizing capital structure, reflecting the company’s strategic focus on returning value to its investors.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.
Glencore plc announced the purchase of 900,000 of its ordinary shares from UBS AG, London Branch, as part of its ongoing buy-back program. The shares were bought at prices ranging from £3.1895 to £3.2550, with a volume-weighted average price of £3.2208. This transaction is part of the second phase of Glencore’s buy-back program, which is expected to conclude in February 2026. The repurchased shares will be held in treasury, and the total number of voting rights remains unchanged, allowing shareholders to calculate their interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:GLEN) stock is a Buy with a £470.00 price target. To see the full list of analyst forecasts on Glencore stock, see the GB:GLEN Stock Forecast page.